GGS is a leading provider of geosciences solutions with a multi-million acre Eagle Ford seismic data library, and has an unconventional resources consulting practice and a microseismic frac monitoring service. NuTech has a multi-million well database, access to calibrating cores, geomodeling capabilities, and a range of petrophysical and frac modeling services. Together, the two companies offer a complimentary set of geoscience and engineering competencies, and range of non-exclusive data, that uniquely enable the creation of an integrated Basin InSightTM product for Eagle Ford shale operators.
Richard Degner, Global’s CEO, commented “we have been pleased with customer response to our expansive reservoir grade 3D seismic coverage of the Eagle Ford, and the range of analysis products we have developed on this library , such as our FracFacture product which segregates brittle from ductile trends in the shale. We are now delighted to take our offerings a major step closer to the customer’s ultimate needs, by providing a seismic-guided and log calibrated earth model over the bulk of the basin. ”
Allen Howard, CEO of NuTech, noted “we have been providing geomodels to our customers for years, as a foundation for providing petrophysical analysis and frac modeling on a proprietary basis. For this, we have acquired a vast library of public wells, which have been processed for both consistency and the extrapolation of key petrophyscial parameters. For the first time, we have found a partner that completely compliments our work, by providing the detailed information we lacked in between our well locations, and covering the same vast areas of the basin. No one has built an integrated earth model of this scale, for the shale plays, before.”
GGS will take the lead, through its multi-client customer network, in offering the product to the market. Customers will be able to license the full 6 million acres of Eagle Ford geomodel, with a range of supporting data, and receive through annual subscription quarterly updates to the model when new seismic, microseismic and well data become available as operators continue to exploit the Eagle Ford shale.
The companies plan to showcase integrated Basin InSight data at the AAPG 2011 Annual Convention & Exhibition in Houston April 10-13, 2011.